This section allows cross-market comparisons.
Glossary Definition
Fixed Exchange Rate Regime

A regulatory regime wherein a central bank or monetary authority actively buys and sells its own currency to keep the exchange rate fixed at a certain level. A pegged currency with very small bands (< 1%) and countries that have adopted another country's currency and abandoned their own also fall under this category. If the band is widened, for example to change + or – 5% per year, such a regime may be called a managed or a “dirty” float regime.